Topic: ChatGPT Arbitrage MEV - Youtube Scam (Read 215 times)

Sorry for your loss, but by posting it here, you have saved a few others. I was actually studying his code, and also started googling it and it let me here. I wasn't deploying the code but you never know. So many comments of making so much ether and greed do at times take over of your senses and that is the time when you make mistake.

I reported this scammer's address to Etherscan, and they have just marked this address as a phishing scam:

"There are reports that this address was used in a Phishing scam. Please exercise caution when interacting with it."

https://iili.io/JlCVcgt.jpg

I hope that in some way, this will protect some people from this fraud, as YouTube still hasn't removed these videos.

experience is the best teacher. Maybe that could be a benchmark rather than just trusting robots which can make things easier for us, especially trading using AI robots.

However, you also need to remember that the available robots do not have more awareness and control like humans. The robot will tend to continue trading regardless of the situation until the money we have completely runs out or until we turn off the trading robot manually.

Looking at your write-up, why would someone online tells me that I could make $2k from just using bot everyday? I would never believe this even though it is $100. I have used bots before and I know how they work. No one can decieve me to pay a sum of amount for me to get such kind of bot even though they tag it a different name. I know this is not possible based on my experience in the crypto market.
I believe in doing it yourself using your than looking for a cheap way to make money.

Most likely the video won't be deleted unless it becomes a huge scam and involved in millions and someone popular became a victim. YouTube is a free platform and this channel is very new so how people can feel that the contents shared is credible and can trust 1ETH or more with them. New content creators are always trying to bring something unique but when it involves money then I will prefer someone more reputed so atleast they can feel responsible if something goes wrong.

I am very concerned about what happened to you.  I hope you can make this a lesson in your life.  Never believe in anything of gray situations.  Anything can happen in this crazy world.  There’s may be a small chance that your money will be returned.  I really appreciate your actions to warn other people about incidents like this so they don't experience something like you.  I will be happy to report the YouTube. All the best for you.

Unfortunately, YouTube is not responding at all to this matter. For 11 days, my report on the violation still has the status: "in progress." The second video with the same content is also still active, and from what I see on Etherscan, more people are losing their funds...

To unfortunate to read up that there are still people believing such fake program which is obviously a scam. But since this issue exist I guess its really alerting to see newbies got screwed up and this should be a lesson that need to learn. Maybe good for anyone to stop looking at this type of investment in any social media platforms since usually what almost presented there is just a pure scam.

Also they should always look for a feedback before participating so that they can save their money from those scammers. Its so stressful to get scam so better they do a research to avoid getting into huge trouble.

Youtube is somehow been used by scammers to fool newbie investor and this should not be the venue for this people to look for good investment opportunity. They must go on forums like this to find good review about the sites they are looking for since for doing this they got more realistic opinions.

Interesting, does anybody know where exactly this parameters/values in such a code that give the ethereum address come from? Is it to call a ethereum address/contract or something? (Why not use the ethereum address itself for example?)

bytes32 DexRouter = 0x8a727dc41d83211e47d3c0de5e1418b5f600b36393ed9e1e565d49915fa8dd67
bytes32 factory = 0x8a727dc41d83211e47d3c0de5f8b7b37c4e4163f5f773f2362872769c349730e

If someone was able to make that much per day, I don't think they would be posting the trick on YouTube… it's just common sense

Anyway, the scam has been around for a while. They just keep changing names, but the purpose of the code is the same. To steal your coins!

Here are some threads discussing a similar tactic.
--> [Warning] Ethereum smart contract scam bot....
--> I found a scam. Can someone break this down?

Thank you very much for all the responses and words of support - it means a lot to me. I also appreciate the reporting of the violation to YouTube. Now I realize that the comments under the YouTube video are written by bots. My comment was not published, so the owner of the video probably moderates them.

I found the same video -> https://youtube.com/watch?v=vick2t93IEY with a different title and different withdrawal addresses. The video title is: "I Just Made MEV Slippage Bot with ChatGPT | 89% per day Passive Incom." The video has over 200k views, so there may be many more deceived individuals. Below are the scammer's addresses. By sharing this information, more people may come here, and together we might be able to take some action.

Head over to Remix: remix-ipfs.com
Bot Source Code: codepastes.com/raw/zqpsbT
bytes32 DexRouter = 0x8a727dc41d83211e47d3c0dea688a36ea3ddb615f8ba7d82b4bd7bb7fb1f749
bytes32 factory = 0x8a727dc41d83211e47d3c0de5f8b7b37c4e4163f5f773f2362872769c349730e


I didn't create this post for sympathy but, first and foremost, to warn others about this scam, and secondly, to find other people who have been deceived by this scammer in order to take steps to try to recover the stolen funds. I have been in the crypto market for a while, and I have been targeted for scams many times. I'm not entirely sure what led me to try this bot. It's probably my mental state (sleepless nights due to my son waking up, constant fatigue, and stress). But I understand that you may not have such issues, and you may not fully comprehend, so sometimes it's better to refrain from commenting on posts in this way unless you are interested in boosting your post count...

Sorry for your lose OP, YouTube, is a scam hub, including telegram and some other social media outlets, we shouldn't believe everything that we hear from them, social media is a free space where the good, the bad and evil comes to advertise genuine and fake products. Thanks for sharing this scam project, and telling us about the fraudulent activities of the scam owner, we will do well to avoid it and tell others too. This is the reason why we must not be carried away by promises of unrealistic returns on investments in a very short time, and greedily investing our money without carrying out research first to know the background of the project. I hope you're able to raise money to take care of your child, all the best.

I can't sympathize with you. I keep on wondering why people always fall Victim constantly after being informed and warned severally to stay away from crypto influencers on social media, and yet people fall for such chip scam. When something is too good to be true there is no point in trying to continue because nothing good come so easy. How on earth would you believe that you could make $2000 in a day? Have you ask yourself how or where would they get the money from. Because as far as I know, trading or arbitrage can not make that kind of profit a day. Except the investment is an investment of $100k above. Where %2 or %5 profit will give rise to $2000 or $5000 and guest what, before you could make such profit of $2k you must invest heavily. So at I point I don't feel sorry for you because legendaries and hero members has worn many people about this severally and you chose to try and now you come here and expect letter of sympathy.

After reading what you have written, I am very sorry for the loss that you have incurred. What the scammer is saying is too good to be true and that to using a bot. I saw the videos and read the comments on it, it looks similar to what scammers do. All those who have written positive comments on that video are bots that are writing it and not human. Human tends to write very descriptive comments on how it is working positively or negatively for them, whereas they are all one-liners. Given your condition, I can understand why you have fallen for this scam and I hope you get your money back. I have reported the video but it will take a substantial amount of reports for Youtube to take the video down.

I am really sorry that you have fallen victim to this scam I know it is hard to steer away from possibly great opportunities when there are a lot on the line

Thank you for spreading awareness regarding this and I hope that from now on everyone avoids these types of scam and I hope you get your eth back one way or another

Sad that you got scammed in such a situation. People should be really careful and conservative on how and where they move the coins.
These scammers go to any and every extent to get money out of you. If you are seeing something that shouts easy money, just be more cautious and verify it from different sources before taking an action. Scammers use legit looking youtube channels and URLs to scam gullible people.
Even trading on dex and tokens you should be extra careful. Even if you buy a token on legit exchange, the smart contract of the token can have malicious loopholes to scam you your money.

Looking at the video, I already knew that it was AI-generated. It's almost the same as the 2 ads that I'm constantly seeing on YouTube as well. One is the owner of Solana sharing a giveaway, and the other one is Michael Saylor saying that he will be conducting an Ethereum giveaway as well.

There's a famous quote that says "When emotions are high, intelligence is low" and this maybe affect you, and your decision-making. You got attracted by those positive YouTube comments, and your emotions got you thus, make a decision out of nowhere and invested in this scam. I mean it doesn't show on the title what is that "2000" whether it's on PHP, or USD, or CAD whatever, but overall, just by looking at the title, you will already see that it's almost impossible to happen. Let's assume it's $2000 per day. Do you think it's possible to earn that amount of money in a single day using a bot? I mean just add common sense to it, and you will think that it's impossible "UNLESS" you're an expert futures trader with a  huge capital.

Nevertheless, it happened already, and I hope that you will learn from this. Don't use your emotions to invest, but use your knowledge.

I know that you got scammed, but this is kind of lowkey begging IMO.

It's a pity for OP, for hastily believing in tricks on the Internet, and this is also a valuable lesson for you about the issue of greed. Actually let's ask the question from the beginning, with such a good opportunity why don't they help their family and friends, victims are easily influenced by greed and scammers will also have to play cleverly to get it trust with professional tools to overshadow doubt.

I think this problem is not too new, but victims often appear, only when they realize they have been scammed do they become aware of the free money-making environment. Remember one thing, don't rush to believe anyone, test it yourself and the important thing about money is that it directly affects your life, before thinking about the opportunity to make big money, think about the risks that will happen come out first, hope you and other victims can get your money back.

Thank you for the headsup and shame on YouTube for allowing this kind of stuff to continue to happen in their website, at first it was those scams of doubling the money you sent in Bitcoin or Ethereum, now scammers are taking advantage of the buzzword of the Artificial Intelligence to deceive people and take their money.
I believe the average person does not understand that AI is technology, it is not magic, magic would be one of the only ways someone could start to suddenly win that huge amount of money out of nowhere, without having proper experience on anything, a degree without working for a giant company. It is a dangerous mixture or greed and dellusion.
Let us allow this to be a cautionary tale for all of us, whenever you hear about Artificial intelligence being used to do something which sounds too good to be true, such ignore and report the video or the post whenever you found it.

Please take care of yourselves and your hard-earned money.  

Really saddened to hear about the loss and how that money could have been utilized for rehab of your child. It's a cruel world and these scammers are the worst kind of spicies to ever walk on earth, I will report this channel right away and thanks for sharing as you have atleast helped people from falling for this scam as this will indeed help someone.